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Written November, 2009 Updated monthly					File A1-33

Projected ACRE Payment Rates for Iowa Crops

Chad E. Hart, extension economist, Iowa State University, 515-294-9911, chart@iastate.edu

The 2008 Farm Bill created the Average Crop Revenue Election (ACRE) program. This program provides payments to crop producers when state-level estimated revenues from crop production fall below guaranteed levels. For a detailed description of the program, please see Average Crop Revenue Election (ACRE). In the Crop Production and World Agricultural Supply & Demand Estimates reports, USDA provides projections for the season-average prices and crop yields that will determine ACRE payment rates. The accompanying spreadsheet calculates the projected ACRE payment rates, based on the latest price and yield projections. The spreadsheet also shows possible ACRE payment rates for given prices and yields around those projections. As the spreadsheet shows, ACRE payment rates can change quickly as prices and yields shift. This spreadsheet will be updated on a monthly basis, with the release of the USDA reports.